SPY institutional options flow analysis — multi-leg block trades, dominant direction, and gamma analysis from the public options tape for February 19, 2026. Articles older than 60 days are public; a free account reads back to 30 days, Pro to 5, and AIme Premium reads today's unusual options trades with no delay.

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SPY Unusual Options Activity — 2026-02-19

Institutional flow on 2026-02-19

Multi-leg block trades, dominant direction, and gamma analysis

$25.5M7 trades
Short PutLong Put

Trade Details

BUY$675 PUT20260303$7.3MLong Put
BUY$675 PUT20260303$6.3MLong Put
SELL$660 PUT20260303$3.7MShort Put
SELL$660 PUT20260303$3.1MShort Put
BUY$675 PUT20260303$2.4MLong Put
BUY$675 PUT20260303$1.5MLong Put
SELL$660 PUT20260303$1.2MShort Put

The Options Desk tracks the move options price into every US earnings report the week of Sep 14, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.